CenterPoint Energy declares an increase to the regular Common Stock quarterly dividend to $0.1800 and Series A Preferred Stock dividend of $30.6250

Rhea-AI Summary

CenterPoint Energy, Inc. (NYSE: CNP) announced a quarterly cash dividend of $0.1800 per share on its Common Stock, an increase of $0.01 over the previous quarter, reflecting an 8% annual growth compared to 2021. This dividend is payable on September 8, 2022 to shareholders of record by August 18, 2022. Additionally, a semiannual dividend of $30.6250 per share on Series A Preferred Stock is set for payment on September 1, 2022.

Positive

• Quarterly dividend increased to $0.1800 per share, reflecting a strong yield for shareholders.
• Dividend growth of 8% annually, indicating company stability and confidence in cash flow.

Negative

• None.

HOUSTON, July 21, 2022 /PRNewswire/ -- CenterPoint Energy, Inc.'s (NYSE: CNP) board of directors today declared dividends on shares of its Common Stock and Series A Perpetual Preferred Stock.

Common Stock Dividend

The company's board of directors declared a regular quarterly cash dividend of $0.1800 per share on the issued and outstanding shares of Common Stock payable on September 8, 2022 to shareholders of record at the close of business on August 18, 2022. This quarterly dividend represents a $0.01 increase over the prior quarter and aligns with an 8% annual dividend growth rate when compared to 2021.

Series A Preferred Stock Dividend

The company's board of directors declared a regular semiannual cash dividend of $30.6250 per share on the issued and outstanding shares of Series A Preferred Stock payable September 1, 2022 to shareholders of Series A Preferred Stock of record at the close of business on August 15, 2022.

About CenterPoint Energy

As the only investor-owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas. As of March 31, 2022, the company owned approximately $35 billion in assets. With approximately 8,900 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.

For more information contact
Media:
Communications
Media.Relations@CenterPointEnergy.com
Investors:
Jackie Richert
Phone        713.207.6500

 

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SOURCE CenterPoint Energy, Inc.

FAQ

What is the dividend amount declared by CenterPoint Energy (CNP)?

CenterPoint Energy declared a quarterly cash dividend of $0.1800 per share on Common Stock.

When will the dividends be paid for CenterPoint Energy (CNP)?

The dividends will be paid on September 8, 2022, for Common Stock and September 1, 2022, for Series A Preferred Stock.

What is the record date for the dividend payment from CenterPoint Energy (CNP)?

The record date for the Common Stock dividend is August 18, 2022, and for Series A Preferred Stock, it is August 15, 2022.

How much is the Series A Preferred Stock dividend from CenterPoint Energy (CNP)?

The Series A Preferred Stock dividend is $30.6250 per share.

What is the historical dividend growth rate for CenterPoint Energy (CNP)?

The company has reported an 8% annual growth rate in dividends when compared to 2021.